Company name
Muneshwers Limited
Project number
14177-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Guyana
Sector
Transport
Status
In implementation
Disclosed date
08/22/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/16/2022
Approval date
09/16/2022
Signed date
09/30/2022
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 4,000,000
Currency
USD
Project scope and objective
Muneshwers Limited “Muneshwers”or the “Company”) is a legally registered company in Guyana that provides import and export services of containerized cargo to various parts of the world with direct services to Suriname, Trinidad, Colombia, and Panama. Muneshwers is the shipping agent and terminal operator for the Maersk Line and Sealand, the largest shipping line in the world and one of the market leaders in Guyana. With over twenty (20) years of experience in the shipping industry, the company is positioning itself to take opportunity of Guyana’s impressive economic growth. The loan funds will be destined for the acquisition of a mobile harbor crane for Muneshwers port operations in Georgetown. The addition of this crane, which will be used for multipurpose cargo activities, will help increase the processing capacity of the port, which has been trending upwards in volume of cargo handled.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
MUNESHWERS ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
969.6 Kb
MUNESHWERS ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
365.1 Kb